Ann: Mikoh Tag Technology Used For New Tolling Pr, page-13

re: Ann: Mikoh Tag Technology Used For New To... JWT,

Hate to rain on your parade but i'm guessing we only receive a royalty on each Tag sale. I reckon the main contract is held by a third party (Sirit?) and we receive a % of each tag sold. What % is probably commercial in confidence but based on 6 million vehicles should still be a tidy sum. The royalties so far ( US$279 000) give some confidence it will be a tidy sum but I'd hazard a guess it will not reach $36 mil. Bugger!

What we need to keep in mind is Taiwan is another 6 million vehicles on top of 30 million (????) in Thailand. Another sizable contract or two over the next couple of years and we could be talking 50 million tags per annum. A nice revenue stream......